Oil Company pays 278 million USD to state budget

Binh Son Refining and Petrochemical Joint Stock Company (BSR) paid more than 6.33 trillion VND (nearly 278 million USD) to the state budget in the past 8 months.

Deputy General Director Bui Ngoc Duong said due to the sharp decline in domestic gasoline consumption in the third quarter, the company is experiencing difficulties in production and business activities. In the past 8 months, it produced 4.48 million tonnes and sold 4.13 million tonnes for 60.805 trillion VND.

It has developed four production and business scenarios on the basis of the COVID-19 pandemic development and the forecast of the domestic and foreign petroleum markets.

Director of Vietnam Oil and Gas Group (PVN) Le Manh Hung asked the BSR to achieve 2 goals: cash flow management, and state budget payment target.

Source: Vietnam News Agency